Naresh Goyal Stays Grounded as Look Out Circulars Prevent International Travel
No possibility of travelling abroad while 2 LOCs in effect, Goyal tells HC
Image: Hindustan Times
Naresh Goyal, founder of Jet Airways, informed the Bombay High Court that he cannot travel abroad due to two active Look Out Circulars (LOCs) against him. The Enforcement Directorate is investigating him for a ₹539-crore financial fraud, and his case will be reviewed after June 10.
- 01Naresh Goyal is currently unable to travel abroad due to two active Look Out Circulars (LOCs).
- 02The Enforcement Directorate (ED) is investigating Goyal for a ₹539-crore financial fraud case.
- 03Goyal's medical conditions include serious ailments, and he was recently released on bail.
- 04The ED claims Goyal is a flight risk and has two passports, which he did not disclose.
- 05The case will be heard again by the Bombay High Court after it reopens on June 10.
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Naresh Goyal, the founder of Jet Airways, has stated he cannot travel abroad due to two Look Out Circulars (LOCs) currently in effect against him. During a hearing at the Bombay High Court, Goyal, who is under investigation by the Enforcement Directorate (ED) for a ₹539-crore financial fraud case, submitted an affidavit indicating that his ability to leave India is contingent upon resolving these LOCs. Goyal, who suffers from serious health issues including cancer, had previously received permission from a special Prevention of Money Laundering Act (PMLA) court to travel abroad for medical treatment. However, the ED challenged this order, labeling Goyal as a
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Goyal's inability to travel may affect his medical treatment options and legal proceedings.
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